Keynesians live in denial.
If you've seen one, you've seen them all.
Same bullshit talking points. Same bullshit discredited partisan charts. No proof. No facts. No evidence.
Too much government crowding out the private sector = no growth. So simple a child can understand...but not a Keynesian.
Government expenditures in the US are almost half of the GDP and our economic illiterate troll calls it "austerity"...can't make this shit up.
Anyway, you have to love when an economic illiterate takes to the Internet to pronounce federal spending as a % of GDP - a measure that is included in every OMB budget document & every CBO budget report, mind you - a "meaningless statistic"
It is funny how it becomes "meaningless" when it shows your idiotic premise to be a lie.
In my very first response to this post I said the dope who started the thread does not know what "nominal spending" means.
I was correct.
It is funny how it becomes "meaningless" when it shows your idiotic premise to be a lie.
In my very first response to this post I said the dope who started the thread does not know what "nominal spending" means.
I was correct.
[h=2]Ease Off Spending Cuts to Boost U.S. Recovery[/h]The United States could spur growth by adopting a more balanced and gradual pace of fiscal consolidation, especially at a time when monetary policy has limited room to support the recovery further, the International Monetary Fund said after wrapping up its annual review of the world’s largest economy.
http://www.imf.org/external/pubs/ft/survey/so/2013/CAR061413A.htm
http://www.imf.org/external/pubs/ft/survey/so/2013/CAR061413A.htm
Ronnie(And GWB) were certainly more generous to Federal Workers in doling out COLA Pay Raises than the Miserly Obama.
Year | Pay Raise | Retiree COLA (CSRS) | Retiree COLA (FERS) | Year | Pay Raise | Retiree COLA (CSRS) | Retiree COLA (FERS) |
| 1970 | 6% | 5.6% | | 1971 | 6% | 4.5% | |
| 1972 | 10.9% | 4.8% | | 1973 | 4.8% | 6.1% | |
| 1974 | 5.5% | 12.2% | | 1975 | 5% | 12.8% | |
| 1976 | 4.8% | 5.4% | | 1977 | 7% | 9.3% | |
| 1978 | 5.5% | 7.4% | | 1979 | 7% | 11.1% | |
| 1980 | 9.1% | 14.2% | | 1981 | 4.8% | 4.4% | |
| 1982 | 4% | 8.7% | | 1983 | 0% | 3.9% | |
| 1984 | 4% | 0% | | 1985 | 3.5% | 3.5% | |
| 1986 | 0% | 0% | | 1987 | 3% | 1.3% | |
| 1988 | 2% | 4.2% | 3.2% | 1989 | 4.1% | 4% | 3% |
| 1990 | 3.6% | 4.7% | 3.7% | 1991 | 4.1% | 5.4% | 4.4% |
| 1992 | 4.2% | 3.7% | 2.7% | 1993 | 3.7% | 3% | 2% |
| 1994 | 4% | 2.6% | 2% | 1995 | 2.6% | 2.8% | 2% |
| 1996 | 2.4% | 2.6% | 2% | 1997 | 3% | 2.9% | 2% |
| 1998 | 2.9% | 2.1% | 2% | 1999 | 3.6% | 1.3% | 1.3% |
| 2000 | 4.8% | 2.4% | 2% | 2001 | 3.7% | 3.5% | 2.5% |
| 2002 | 4.6% | 2.6% | 2% | 2003 | 4.1% | 1.4% | 1.4% |
| 2004 | 4.1% | 2.1% | 2% | 2005 | 3.5% | 2.7% | 2% |
| 2006 | 3.1% | 4.1% | 3.1% | 2007 | 2.2% | 3.3% | 2.3% |
| 2008 | 3.5% | 2.3% | 2% | 2009 | 3.9% | 5.8% | 4.8% |
| 2010 | 2% | 0% | 0% | 2011 | 0% | 0% | 0% |
| 2012 | 0% | 3.6% | 2.6% | 2013 | 0% | | |
